Tesla shares fall 3.6% premarket

SaumyaVaishampayan

This story has been updated to clarify that Tesla Inc.'s quarterly report is not expected Monday. The company is likely to set the release date this week.

NEW YORK (MarketWatch) -- Tesla Motors Inc.
TSLA, -0.94%
shares fell 3.6% in premarket trade on Monday. The maker of electric cars is expected to report a fourth-quarter loss of 59 cents a share on revenue of $298.6 million, according to a consensus survey by FactSet. A key metric will be the number of battery-powered Model S cars, the first Tesla designed from the ground up, produced per week. The company says it is likely to announce the date of its quarterly release this week, but the report won't come Monday. The New York Times on Friday posted a negative review of the Model S's performance on the East coast, saying cold temperatures affected the car's mileage. Tesla has posted a quarterly loss ever since its 2010 IPO.

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